How Much Can I Contribute to an HSA for 2018 When I Was Only Enrolled for 8 Months?

When it comes to contributing to a Health Savings Account (HSA) for 2018, the amount you can contribute is prorated based on how long you were enrolled in an HSA-eligible high-deductible health plan (HDHP) during the year. If you were only enrolled for 8 months in 2018, your maximum contribution limit would be adjusted accordingly.

For 2018, the annual contribution limit for an individual with self-only coverage under an HDHP is $3,450, and for those with family coverage, it is $6,900. To determine how much you can contribute when enrolled for only 8 months, you can use a simple calculation:

Divide the yearly contribution limit by 12 (months) to get the monthly contribution limit. Then, multiply the monthly limit by the number of months you were enrolled in the HDHP (8 months in this case).

For example, if you had self-only coverage, you can contribute $3,450 / 12 = $287.50 per month. Multiply $287.50 by 8 months, which equals $2,300. Therefore, if you were enrolled for only 8 months in 2018, you could contribute up to $2,300 to your HSA.

When it comes to your Health Savings Account (HSA) contributions for 2018, it’s important to know that the amount you can contribute will be prorated based on your enrollment duration in an HSA-eligible high-deductible health plan (HDHP). Therefore, if you were only enrolled in the plan for 8 months, you need to adjust your maximum contribution limit accordingly.